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Second Cup dumps Jewish General Hospital franchisee over video with ‘hateful remarks’Jewish community members are gathering in solidarity following the firebombing of the Adass Israel Synagogue as the incident continues to fuel political division. or signup to continue reading More than a thousand community members were expected to meet at an undisclosed location in Ripponlea to "stand against hate" on Sunday. The rally will finish with flowers being laid at the synagogue. "This rally is a moment to unite, reflect and reaffirm our shared commitment to resilience and togetherness in our community," organisers J-United said. Cabinet minister Murray Watt described Friday's attack as an "absolutely horrific anti-Semitic attack" before alleging Opposition Leader Peter Dutton had politicised the incident. Mr Watt also refuted Mr Dutton's claims that the government had made Australia less safe for Jewish people and that Prime Minister Anthony Albanese had not done enough to address anti-Semitism. The political debate was largely ignited by Israeli Prime Minister Benjamin Netanyahu, who on Saturday condemned the synagogue attack and linked it to Australia's decision to support a non-binding UN General Assembly resolution. Australia is one of 157 countries, including the UK, Canada and New Zealand urging Israel to end its presence in Palestine. The Australian Palestine Advocacy Network says any attack on a place of worship is an unacceptable act of hate but has accused Mr Netanyahu of deliberately sow division. Although not part of the Adass Israel congregation, Caulfield resident Hallely Kimchi said it was time for more to be done to protect Jewish people. "It is not about Israel. It's about Jews in Melbourne - forget about Israel at the moment," she said as the rally was getting under way. "There are people that have been abused and have never been to Israel. "Jews living in Melbourne should feel safe and proud to do whatever they want and to work without being doxxed or boycotted." The synagogue remains closed to the public after it was set alight by two masked men in what police have described as a targeted attack. Two of its three buildings were gutted and two congregants who were inside at the time preparing for morning prayers were evacuated, one suffering minor injuries. Police have confirmed they are also investigating reports of a bullet found on a footpath near the Synagogue in Glen Eira Road on Saturday afternoon. Community members laid flowers outside a makeshift memorial outside the Synagogue on Sunday morning. The attack on a place of worship, which was built by Holocaust survivors, has led to a heightened sense of fear in the community, Executive Council of Australian Jewry president Daniel Aghion said. Victorian Premier Jacinta Allan confirmed increased police patrols to bolster safety into the coming week and pledged $100,000 towards rebuilding. Despite condemning the attack, she is not expected to attend Sunday's rally. The incident has meanwhile prompted NSW to consider new laws to better protect religious freedoms. Premier Chris Minns said he would consider reforms to laws regulating protests outside religious institutions. A pro-Palestine rally is also planned outside the State Library of Victoria in Melbourne CBD on Sunday that will end with a march through the CBD. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Advertisement Advertisement
SILICON SLOPES, Utah--(BUSINESS WIRE)--Dec 5, 2024-- Domo, Inc. (Nasdaq: DOMO) today announced results for its fiscal third quarter ended October 31, 2024. Fiscal Third Quarter Results “Our focus on ecosystem-led growth, consumption-based contracts and AI innovation is paying off with promising momentum, as we see more demand for Domo as an anchor technology in customers’ data stacks,” said Josh James, founder and CEO, Domo. “The data and AI landscape is evolving to create new market opportunities for Domo, and we feel confident we’re in the right position to capitalize on this moment.” Recent Highlights We believe the following announcements and recognition demonstrate our commitment to product innovation and customer value: Business Outlook Based on information available as of December 5, 2024, Domo is providing the following guidance for its fourth quarter of fiscal 2025 and full year fiscal 2025: Q4 Fiscal 2025 Full Year Fiscal 2025 We have not reconciled guidance for non-GAAP metrics to their most directly comparable GAAP measures because certain items that impact these measures are not within our control or cannot be reasonably predicted. Earnings Call Details Domo plans to host a conference call today to review its fiscal 2025 third quarter financial results and to discuss its financial outlook. The call is scheduled to begin at 3:00 p.m. MT/ 5:00 p.m. ET. A live webcast of the event will be available on the Domo Investor Relations website at https://www.domo.com/ir and a live dial-in is available at (877) 484-6065 or (201) 689-8846. A replay will be available at (877) 660-6853 or (201) 612-7415 with the access ID#13750075 following the completion of the conference call until 11:59 p.m. (ET) January 4, 2025. About Domo Domo puts data to work for everyone so they can multiply their impact on the business. Our cloud-native data experience platform goes beyond traditional business intelligence and analytics, making data visible and actionable with user-friendly dashboards and apps. Underpinned by AI, data science and a secure data foundation that connects with existing cloud and legacy systems, Domo helps companies optimize critical business processes at scale and in record time to spark the bold curiosity that powers exponential business results. For more information, visit www.domo.com . You can also follow Domo on LinkedIn , X and Facebook . Domo Disclosure Channels to Disseminate Information Domo investors and others should note that we announce material information to the public about our company, products and services, and other issues through a variety of means, including Domo’s website, press releases, filings with the U.S. Securities and Exchange Commission (SEC), blogs and social media, in order to achieve broad, non-exclusionary distribution of information to the public. We intend to use the Domo Facebook page , the Domo LinkedIn page , the Domo blog , the @Domotalk X account and the @JoshJames X account as a means of disclosing information about the Company and its services and for complying with the disclosure obligations under Regulation FD. The information we post through these social media channels may be deemed material. Accordingly, we encourage investors and others to monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described here may be updated from time to time as listed on our investor relations webpage. Use of Non-GAAP Financial Measures To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with Generally Accepted Accounting Principles in the United States of America (GAAP), we reference in this press release and the accompanying tables the following non-GAAP financial measures: non-GAAP subscription gross margin, non-GAAP operating expenses, non-GAAP operating loss, non-GAAP operating margin, non-GAAP net loss, non-GAAP net loss per share, billings, and adjusted free cash flow. In computing the measures other than billings and adjusted free cash flow, we exclude the effects of stock-based compensation expense, amortization of certain intangible assets, severance of executive officers who report to the Chief Executive Officer, loss on extinguishment of debt, and remeasurement of warrant liability. Billings is defined as total revenue plus the change in deferred revenue in a period. In computing adjusted free cash flow, we exclude the effects of proceeds from shares issued in connection with the employee stock purchase plan, purchases of property and equipment, and net change in short-term payable financing. As it relates to adjusted free cash flow, we add back amounts equal to the proceeds from shares issued in connection with employee stock purchase plan to reflect the non-cash nature of these transactions. Because no cash is exchanged in these transactions, showing proceeds in the financing section of the statement of cash flows as required by GAAP results in a corresponding decrease in the operating section, which management believes is not indicative of actual cash used in or provided by our operations. We also add back the net change to short-term payable financing to adjusted free cash flow. We believe that this non-GAAP cash metric is useful because it provides investors with the same information that management uses to consistently evaluate, forecast and measure the Company’s actual cash flows and its ability to achieve and maintain positive cash flows. We use these non-GAAP financial measures for financial and operational decision-making and as a means to evaluate period-to-period comparisons. Our management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain items that may not be indicative of our ongoing core business operating results. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing our performance and when analyzing historical performance and liquidity and planning, forecasting, and analyzing future periods. For a reconciliation of these non-GAAP financial measures to GAAP measures, please see the tables captioned "Reconciliation of Non-GAAP Financial Measures" included at the end of this release. Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements of our Chief Executive Officer, statements regarding competitive positions, our financial outlook for our fourth fiscal quarter, and results for future periods. Forward-looking statements are subject to risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption "Risk Factors" and elsewhere in our filings with the SEC, including, without limitation, the Annual Report on Form 10-K filed with the SEC on March 28, 2024 and the Quarterly Report on Form 10-Q for the quarter ended October 31, 2024 expected to be filed with the SEC on or about December 10, 2024. All information provided in this release and in the attachments is as of the date hereof, and we undertake no duty to update this information unless required by law. Domo is a registered trademark of Domo, Inc. 2023 2024 2023 2024 $ 71,293 $ 71,113 $ 213,594 $ 214,144 8,382 8,651 25,211 24,130 79,675 79,764 238,805 238,274 11,523 13,334 33,588 39,410 7,253 6,627 22,847 21,389 18,776 19,961 56,435 60,799 60,899 59,803 182,370 177,475 40,262 37,194 124,464 116,040 19,729 21,264 63,931 65,952 12,130 12,429 35,509 42,504 72,121 70,887 223,904 224,496 (11,222 ) (11,084 ) (41,534 ) (47,021 ) - (1,850 ) - (1,850 ) (4,930 ) (5,622 ) (14,549 ) (14,805 ) (4,930 ) (7,472 ) (14,549 ) (16,655 ) (16,152 ) (18,556 ) (56,083 ) (63,676 ) 261 205 801 582 $ (16,413 ) $ (18,761 ) $ (56,884 ) $ (64,258 ) $ (0.45 ) $ (0.48 ) $ (1.59 ) $ (1.68 ) 36,310 38,832 35,812 38,243 $ 670 $ 784 $ 1,958 $ 2,389 359 295 1,311 942 6,364 4,754 19,260 15,238 4,621 4,038 14,214 12,529 4,174 3,080 10,642 12,075 181 210 516 603 $ 16,369 $ 13,161 $ 47,901 $ 43,776 $ 20 $ 142 $ 60 $ 426 $ - $ - $ 443 $ - - - 1,553 - $ - $ - $ 1,996 $ - $ - $ 455 $ - $ 33 2024 2024 $ 60,939 $ 40,925 67,197 57,177 16,006 15,288 9,602 7,083 153,744 120,473 27,003 27,937 11,746 10,108 19,542 17,420 2,740 2,267 9,478 9,478 1,407 2,528 $ 225,660 $ 190,211 $ 4,313 $ 8,403 43,430 58,392 4,807 5,506 185,250 153,919 237,800 226,220 11,135 8,125 2,736 3,311 14,001 8,151 113,534 115,574 379,206 361,381 37 39 1,252,200 1,298,596 (180 ) 56 (1,405,603 ) (1,469,861 ) (153,546 ) (171,170 ) $ 225,660 $ 190,211 Domo, Inc. 2023 2024 2023 2024 $ (16,413 ) $ (18,761 ) $ (56,884 ) $ (64,258 ) 1,636 2,254 4,738 7,117 1,063 1,142 3,235 3,320 4,398 4,454 13,354 13,181 16,369 13,161 47,901 43,776 - 1,850 - 1,850 - 456 - 33 1,072 2,390 3,643 4,334 (3,022 ) (8,489 ) 23,750 10,020 (4,016 ) (4,524 ) (10,921 ) (10,328 ) 291 1,543 (173 ) 1,819 998 (11,655 ) (966 ) (152 ) (1,237 ) (1,392 ) (4,054 ) (4,000 ) (608 ) 10,238 (3,361 ) 6,073 (4,856 ) (6,368 ) (23,124 ) (30,756 ) (4,325 ) (13,701 ) (2,862 ) (17,971 ) (2,714 ) (2,515 ) (9,214 ) (7,245 ) - - (26 ) - (2,714 ) (2,515 ) (9,240 ) (7,245 ) - (402 ) - (402 ) 1,374 789 3,406 1,910 - (296 ) - (504 ) - 52,758 - 52,758 - (53,177 ) - (53,177 ) - 6,190 - 8,972 - (4,536 ) - (4,536 ) 62 - 65 - 1,436 1,326 3,471 5,021 (862 ) 111 (482 ) 181 (6,465 ) (14,779 ) (9,113 ) (20,014 ) 63,852 55,704 66,500 60,939 $ 57,387 $ 40,925 $ 57,387 $ 40,925 2023 2024 2023 2024 $ 71,293 $ 71,113 $ 213,594 $ 214,144 11,523 13,334 33,588 39,410 59,770 57,779 180,006 174,734 84 % 81 % 84 % 82 % 670 784 1,958 2,389 $ 60,440 $ 58,563 $ 181,964 $ 177,123 85 % 82 % 85 % 83 % $ 72,121 $ 70,887 $ 223,904 $ 224,496 (15,159 ) (11,872 ) (44,116 ) (39,842 ) (20 ) (142 ) (60 ) (426 ) - - (1,996 ) - $ 56,942 $ 58,873 $ 177,732 $ 184,228 $ (11,222 ) $ (11,084 ) $ (41,534 ) $ (47,021 ) 16,188 12,951 47,385 43,173 20 142 60 426 - - 1,996 - $ 4,986 $ 2,009 $ 7,907 $ (3,422 ) (14 )% (14 )% (17 )% (20 )% 20 17 19 19 - - 1 - 6 % 3 % 3 % (1 )% $ (16,413 ) $ (18,761 ) $ (56,884 ) $ (64,258 ) 16,369 13,161 47,901 43,776 20 142 60 426 - - 1,996 - - 1,850 - 1,850 - 455 - 33 $ (24 ) $ (3,153 ) $ (6,927 ) $ (18,173 ) $ (0.45 ) $ (0.48 ) $ (1.59 ) $ (1.68 ) 0.45 0.34 1.34 1.15 — — 0.06 — — 0.05 — 0.05 — 0.01 — — $ — $ (0.08 ) $ (0.19 ) $ (0.48 ) $ 79,675 $ 79,764 $ 238,805 $ 238,274 158,522 153,919 158,522 153,919 4,236 3,311 4,236 3,311 (164,882 ) (161,601 ) (182,273 ) (185,250 ) (2,732 ) (1,997 ) (3,609 ) (2,736 ) (4,856 ) (6,368 ) (23,124 ) (30,756 ) $ 74,819 $ 73,396 $ 215,681 $ 207,518 $ (4,325 ) $ (13,701 ) $ (2,862 ) $ (17,971 ) 1,374 789 3,406 1,910 (2,714 ) (2,515 ) (9,214 ) (7,245 ) - 6,190 - 8,972 - (4,536 ) - (4,536 ) $ (5,665 ) $ (13,773 ) $ (8,670 ) $ (18,870 ) View source version on businesswire.com : https://www.businesswire.com/news/home/20241205261989/en/ CONTACT: Media – Cynthia Cowen PR@domo.comInvestors – Peter Lowry IR@domo.com KEYWORD: UTAH UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT DATA ANALYTICS TECHNOLOGY SOFTWARE ARTIFICIAL INTELLIGENCE INTERNET SOURCE: Domo, Inc. Copyright Business Wire 2024. PUB: 12/05/2024 04:05 PM/DISC: 12/05/2024 04:06 PM http://www.businesswire.com/news/home/20241205261989/en
Google has recently announced three new hardware platforms, including quantum, AI, and Arm. And these chips are indeed impressive. Ok, I'll admit it. I underestimated Google's ability to drive meaningful innovations in the computing realm. Yes, they had great potential, but it seemed that few developments crossed the competitive threshold, and they didn't get a lot of traction in the market, perhaps due more to marketing than product. Recent announcements, however, made it clear that this is no longer the case, and the stock responded by skyrocketing by over 11% in the last two trading days. It looks like the market has decided that hardware is cool again. Google has introduced the breakthrough Willow chip for quantum computing, the new Trillium AI chip that powers the newly released Gemini 2.0 AI Model, and GA'd its first Arm-based server chip, called Axion, to compete with Amazon's Graviton and displace some Intel and AMD x86 cloud instances. Let's take a look. Willow Quantum AI Computing Google has been competing with Amazon, IBM, Microsoft, and others to advance the state of quantum computing. While quantum remains a research project worldwide, the potential is staggering, and it could reshape the computing landscape to solve currently unsolvable problems in the next decade. The 105-qubit Willow replaces Google's 53-qubit Sycamore in a big way by supporting more qubits and improving error correction, making the qubits more usable. Google grouped qubits to reduce error rates, one of the primary factors currently limiting quantum computing to the experimental stage. State-of-the-art quantum computers typically have one error rate in a hundred to a thousand. Traditional binary computers only produce memory errors once in a billion billion calculations. So, if one does the math, quantum computers have error rates about 1 billion to 10 billion times higher than classical computers, as quantum circuits are susceptible to a range of disturbances, like temperatures, electromagnetic radiation, and vibrations. Typically, the error rates increase as quantum systems scale to a more significant number of qubits. But that is not the case with Willow. The bigger the mesh of qubits becomes, the better Willow performs. "Every time we increased our logical qubits – or our groupings – from 3-by-3 to 5-by-5 to 7-by-7 arrays of physical qubits, the error rate didn't go up," Google researcher Michael Newman said. "It kept coming down. It went down by a factor of two every time we increased the size." A modest improvement compared to the one in ten billion deltas of traditional computers puts Google on a path to viable commercial operations in the next five years as qubit counts exceed 1000. Willow also shows significantly improved coherency, the ability of qubits to maintain their state over time. Willow demonstrated a doubling of memory coherence, another essential step in reducing inherent error rates. Willow Quantum Achieves What Supercomputers Simply Cannot In the Nature article announcing Willow, Google claimed that the new system could solve a mathematical problem that has vexed scientists for decades called Random Circuit Sampling, or RCS. Willow ran the RCS benchmark in less than five minutes, while the massive Frontier supercomputer at Oak Ridge National Laboratories would theoretically take ten septillion years (1 followed by 25 zeros). Willow is a research tool that achieves a significant milestone along the path of quantum supremacy or utility in commercial applications beyond the reach of today's largest supercomputers. But like other quantum computers, Willow has very few, or zero, commercial applications. Give the industry a few years, and that could change. However, the stock market didn't care about that nit and rewarded Google with a remarkable 7% price increase on the announcement day. Trillium: The 6th Generation Of Google TPU For AI Google announced today the general availability of Trillium , the latest and most advanced TPU in the company's nine-year effort to offer a competitive AI accelerator. Trillium was built to scale and is available on Google Cloud with over 100,000 Trillium chips per Jupiter network fabric, capable of scaling a single distributed training job to hundreds of thousands of accelerators. Trillium was used to create the new Gemini 2.0 AI model and serve inference processing of that model. Trillium comes in a 256-chip pod and scales to hundreds of thousands of chips, making it possible to train trillion-parameter AI models. Trillium boasts the following over its predecessor: While TPUs have always been excellent accelerators, they have struggled to gain a significant market share as TPUs are only available on the Google Compute Platform. However, Apple has now said that Apple Intelligence was trained on Google TPUs, and Google TPU has a majority share of the other cloud accelerators, including Microsoft and Amazon AWS. But where Trillium shines is for Mixture of Expert models, or MoEs. The models stress the network that connects accelerators, and the Trillium pods are nearly four times faster than the previous TPU v5e at the same size. As MoEs are snowballing, this could help Google capture more market share on its cloud. Google Finally Enters The Arm Battle Google recently released their own Arm chip, Axion, following Amazon AWS and Microsoft Azure, who have already released their Arm server CPUs. While less glamorous technology than AI and quantum processors, Arm has been steadily increasing the server CPU market share. TrendForce projects that the penetration rate of Arm architecture in data center servers will reach 22% by the end of 2025, posing a significant threat to the x86 CPU market share. Axion is a well-designed server CPU with 35% better performance, 60% better price performance, and 65% better power efficiency than "current generation" x86 chips. Now that it has become generally available, we should expect Axion to garner a significant share of the Google Cloud compute fleet for internal and customer applications. Where Does This Leave Google? We believe that Google now has a portfolio of complete in-house systems to compete with and even be the best of other cloud providers and chip companies. Google has a fast Arm-based CPU, a speedy and scalable AI accelerator that excels with the latest workloads like training MoE models, a quantum computing platform that should be able to keep up with or even pass most competitors and the AI software stack and models developers need to attract the ecosystem and end-users to its cloud computing platform. Disclosures : This article expresses the author's opinions and should not be taken as advice to purchase from or invest in the companies mentioned. Cambrian-AI Research is fortunate to have many, if not most, semiconductor firms as our clients, including Blaize, BrainChip, Cadence Design, Cerebras, D-Matrix, Eliyan, Esperanto, Flex, GML, Groq, IBM, Intel, Nvidia, Qualcomm Technologies, Si-Five, SiMa.ai, Synopsys, Ventana Microsystems, Tenstorrent and scores of investment clients. Like many in the tech industry, our portfolio does hold Nvidia, but otherwise we have no investment positions in any of the companies mentioned in this article and do not plan to initiate any in the near future. For more information, please visit our website at http://www.cambrian-ai.com .